Total volume in existing home sales in San Diego fell off in November 2013 compared to last month and but year to date figures continue to be strong.

Though the total sales volume for both Attached and Detached homes sold in San Diego for November 2013 declined as compared to last month, detached homes saw a small increase over last year while attached homes saw a very small decrease of only $623,456.

Despite the small reduction in volume, Median Sales prices continue to hold and even increase through most areas of San Diego County.

The Carmel Valley area of San Diego (92130) saw similar results as the overall figures for the county. Detached homes had a decrease of 4 less sales for November 2013 as compared to November 2013 and 12 less as compared to October 2013.

Attached homes saw an increased of 7 more sales November 2013 as compared to November 2013 and 2 less as compared to October 2013

Prop Type

Units sold Nov 2013

Units sold Nov 2012

Total Units sold Oct 2013

Attached

19

12

22

Detached

26

30

38

The median price of Detached Homes sold in Carmel Valley (92130) increased by $197,500 in November 2013 as compared to November 2012 and $75,000 as compared to October 2013.

Prop

Type

Median Price

YTD 2013

Median Price

Nov 2013

Median Price

Nov 2012

Median Price

Oct 2013

Attached

$440,000

$459,000

$419,900

$461,500

Detached

$1,005,000

$1,057,500

$860,000

$982,500

The number of days on the market decreased November 2013 as compared to 2012 for detached but increased from 41 days on the market October 2013 to 56 November 2013. Attached homes saw a decrease to 36 days on the market for November 2013 as compared to 56 November 2012 and 40 October 2013.

Could this be a result of rising rates or perhaps a seasonal adjustment? Stay tuned for December 2013 figures coming early January 2014.

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